Gemini Trust Company, the company behind the Gemini cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has agreed to pay a $5 million civil fine to settle a Commodity Futures Trading Commission lawsuit that alleged it misled regulators, court documents filed Monday. displays.

Commodity Futures Trading Commission He hits The cryptocurrency company will file suit in 2022 for “making materially false or misleading statements” in an attempt to gain approval for its business. Bitcoin Futures product. The proposed settlement helps Gemini avoid a trial that was scheduled to begin on January 21. Bloomberg I reported the news for the first time.

Editor's Note: This is a breaking news story and will be updated.